Carl-Peter Forster New Chairman of The London Taxi Company

The London Taxi Company which produces the world famous London Black Cab has today announced the appointment of Carl-Peter Forster as new Chairman of the Board.

Mr. Forster is a senior advisor to the firm's parent company, Zhejiang Geely Holding Group, and is a member of the board of both Volvo Cars Corporation and Geely Automobile Holdings since 2013. Zhejiang Geely Holding Group acquired the London Taxi Company in 2013 and restarted production shortly afterwards. The new Chairman will work with management to guide the company's strategic direction and will oversee ground breaking new product developments in the coming years.

Mr Forster is widely recognized as a leading global automotive expert. He brings with him significant experience and global competence from his time in senior leadership positions at major automotive OEMs such as BMW, GM Europe where he was in charge of Opel and Saab operations, as well as Tata Motors where, as Global Group Chief Executive Officer, he was also responsible for the Jaguar LandRover business.

Commenting on the appointment, Peter Johansen, London Taxi Company's Vice President of UK Operations, said: "We're absolutely delighted that Carl-Peter Forster has accepted to take over as Chairman of the Board at the London Taxi Company. The appointment of someone with his track record is a big boost for our business and testament to the commitment Geely are placing in the company since they acquired us in 2013."

Zhejiang Geely Holding Group Chairman, Mr. Li Shufu commented: "We are very confident in Carl-Peter's ability to lead the London Taxi Company and we warmly welcome him as we work to develop current and future products. Carl-Peter has already made a significant impact on the business through his work on various Geely Group projects but this appointment will strengthen our ability to drive through further improvements in customer satisfaction and product quality. He will also play an important role in our plans to develop a range of pure electric and ultra-low emission London taxis."

Carl-Peter Forster said: "The Black Cab is a British icon, with a global reach. Under Geely ownership the London Taxi Company has the potential for a bright future. The company is transitioning into a new era of innovative products for the taxi trade and commercial operators across the UK and the world. I''m looking forward to working with the management team as we move forward and develop this world famous brand and concept.

London Taxis